Bill117th CongressFiled Apr 14, 2021Finance and Financial Sector
S. 1119
Small Business Lending Fairness Act
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in senate (Apr 14, 2021)
Small Business Lending Fairness Act
This bill prohibits as a condition to a loan or extension of credit a confession of judgment or similar agreement. (A confession of judgment is an agreement to a judgment of liability without notice and opportunity to be heard in court in the event of the default of a borrower.)
What just happenedApr 14, 2021
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Who’s behind it
Sen. Brown, Sherrod [D-OH](D-OH)Sponsor
3 cosponsors1 D2 R
3cosponsors1committees2actions2related bills4subjects
- Introduced in SenateApr 14, 2021
- Apr 14, 2021IntroReferral
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Banking, Housing, and Urban Affairs Committee - Apr 14, 2021IntroReferral10000
Introduced in Senate